Argentina: Industrial activity contracts at sharpest rate since November 2024 in July
Latest reading: Industrial output slid 1.1% compared to the same month a year earlier in July, which contrasted June’s 9.4% increase. The outturn marked the worst reading since November 2024. Looking at the details of the release, July’s downturn was largely driven by falls in output of machinery and equipment, basic metals, chemical products, food and beverages and automotive vehicles.
On a seasonally adjusted monthly basis, industrial output fell at a sharper rate of 2.3% in July (June: -1.6% mom).